$1,000,000
$1,125,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
3,223 Sqft Lot
SOLD DATE : 10/18/2023
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID RS23173700
Sold Date 10/18/23
Construction Status Under Construction
HOA Y/N No
Year Built 1964
Lot Size 3,223 Sqft
Property Description
A residential fourplex consisting of 2 - two bedroom, two bath and 2 - one bedroom and one bathroom units partially rehabbed. Property has a new roof and new Milgard windows throughout. Each unit is separately metered for water and gas and will have in-unit AC and laundry once complete.
Permits are current. Structural, framing, rough plumbing, rough electrical, and rough HVAC all have passed inspection. Ready for drywall, and finishes. Seller requests cash only buyers with quick close. Otherwise will see the project to completion.
On complete, this to-be-turnkey luxury apartment with parking, located a few blocks from the beach and close proximity to bustling downtown Long Beach should generate approximately $11,000 in monthly income.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Rooms
Other Rooms Storage
Interior
Interior Features Wired for Data, Multiple Primary Suites
Heating Fireplace(s)
Cooling Central Air, Ductless
Fireplaces Type Gas, Living Room
Fireplace Yes
Laundry Inside
Exterior
Garage Door-Multi, Garage Faces Front, Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking, Dog Park, Fishing, Park, Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports
View Y/N No
View None
Accessibility Parking, Accessible Doors
Parking Type Door-Multi, Garage Faces Front, Garage
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Storage
New Construction No
Construction Status Under Construction
Others
Senior Community No
Tax ID 7275004033
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Raj Sharma • HomeSmart Realty Group